SHEPHERD Chartered Surveyors has announced it has been instructed by the joint liquidators of VGM1 to market two investment opportunities in Glasgow.
The first opportunity is the Simple Business Centre, a multi-let property extending to 16,290 sq ft. Situated on the western side of Carmyle Avenue in the Tollcross area, the standalone property was constructed in the 1960s and is said to be presented ‘to a modern standard throughout’. The site offers gated access with parking for up to 33 vehicles.
The accommodation is arranged over three levels, comprising open-plan storage space at basement level, a range of retail and commercial units at ground floor, and office suites on the upper floor. Shepherd is inviting offers in excess of £700,000 reflecting a net initial yield of 7.9% after allowing for purchaser’s costs.
Adam Honeyman at Shepherd said, “This part-let mixed-use investment opportunity presents strong asset management potential, with an estimated rental value (ERV) of £125,000 per annum. Through initiatives such as lease renewals or extensions, investors may enhance income security and realise the asset’s reversionary yield of circa 16.9%.”
Also for sale is a single-let investment within an industrial hub close to Glasgow city centre. 57 Durham Street is situated in the Kinning Park district. The accommodation comprises office space arranged over the ground and first floors and a predominantly open plan warehouse with ancillary office and staff facilities.
The premises are currently let to Loop Recycling on a new lease expiring in 2029, generating a passing rent of £42,000 per annum. Shepherd is inviting offers in excess of £475,000, reflecting a net initial yield of approximately 8.4% after allowing for purchaser’s costs.
Honeyman added, “This investment opportunity offers a strong covenant, excellent transport infrastructure and secure income – all within one of Glasgow’s most prominent and well-connected industrial locations.”
The properties will be subject to a closing date, with offers invited to be submitted by noon on Tuesday, 8th July 2025.
